NACCO Industries (NYSE:NC) Stock Price Passes Below Two Hundred Day Moving Average – Time to Sell?

NACCO Industries, Inc. (NYSE:NC)’s stock price passed below its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $50.72 and traded as low as $46.26. NACCO Industries shares last traded at $46.52, with a volume of 25,755 shares traded.

Wall Street Analyst Weigh In

Separately, Weiss Ratings downgraded shares of NACCO Industries from a “buy (b-)” rating to a “hold (c+)” rating in a report on Thursday, May 28th. One research analyst has rated the stock with a Hold rating, According to MarketBeat.com, the stock has an average rating of “Hold”.

NACCO Industries Price Performance

The company has a 50 day moving average price of $50.22 and a 200 day moving average price of $50.69. The firm has a market cap of $359.26 million, a PE ratio of 16.60 and a beta of 0.44. The company has a current ratio of 3.30, a quick ratio of 2.35 and a debt-to-equity ratio of 0.27.

NACCO Industries (NYSE:NC) last released its quarterly earnings data on Tuesday, May 5th. The company reported $1.17 earnings per share for the quarter. The firm had revenue of $62.77 million during the quarter. NACCO Industries had a return on equity of 5.04% and a net margin of 7.84%.

NACCO Industries Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, June 15th. Stockholders of record on Monday, June 1st were given a $0.2625 dividend. This is an increase from NACCO Industries’s previous quarterly dividend of $0.25. This represents a $1.05 dividend on an annualized basis and a dividend yield of 2.2%. The ex-dividend date was Monday, June 1st. NACCO Industries’s dividend payout ratio (DPR) is 36.59%.

Institutional Investors Weigh In On NACCO Industries

Institutional investors and hedge funds have recently made changes to their positions in the business. Tower Research Capital LLC TRC increased its holdings in NACCO Industries by 362.9% during the 2nd quarter. Tower Research Capital LLC TRC now owns 1,583 shares of the company’s stock valued at $70,000 after acquiring an additional 1,241 shares in the last quarter. Russell Investments Group Ltd. lifted its holdings in shares of NACCO Industries by 1,788.9% in the third quarter. Russell Investments Group Ltd. now owns 2,040 shares of the company’s stock valued at $86,000 after purchasing an additional 1,932 shares in the last quarter. Los Angeles Capital Management LLC purchased a new stake in shares of NACCO Industries in the fourth quarter valued at about $122,000. Byrne Asset Management LLC grew its position in shares of NACCO Industries by 120.7% in the fourth quarter. Byrne Asset Management LLC now owns 3,200 shares of the company’s stock valued at $157,000 after purchasing an additional 1,750 shares during the last quarter. Finally, Apeiron RIA LLC acquired a new stake in shares of NACCO Industries in the fourth quarter valued at approximately $223,000. 49.10% of the stock is currently owned by hedge funds and other institutional investors.

NACCO Industries Company Profile

NACCO Industries, Inc is a Cleveland, Ohio–based diversified holding company with a history spanning more than a century. Through its principal subsidiaries, the company operates in two primary business areas: coal mining and material-handling system design and manufacturing. Originally incorporated in 1913, NACCO has maintained a presence on the New York Stock Exchange under the ticker symbol NC since the 1920s, evolving its portfolio to meet changing market demands while preserving its core expertise in bulk commodities and industrial services.

The North American Coal Corporation, NACCO’s coal mining segment, is among the largest producers of lignite coal in the United States.